Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$101,613$101,613$337,500
Remaining term (yrs)16.616.630.0
Secondary amount$0$235,887$0
Funding fee$0$0$0
Note rate2.120%2.120%7.320%
Blended rate2.970%6.311%7.560%
1st payment$601.04$601.04$2,318.39
2nd payment$0.00$1,523.44$0.00
Taxes / mo$253.25$253.25$253.25
Insurance / mo$150.00$150.00$150.00
MI / mo$113.33$113.33$67.50
HOA / mo$0.00$0.00$0.00
Total monthly$1,117.62$2,641.06$2,789.14
Cash to close$273,387$37,500$37,500